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New Lloyd’s consortium brings together capacity up to $345 million per risk globally as WTPV market surges
Jonathan Powell, Managing Director, Guy Carpenter said,“Clients are...
Insurers underestimating earthquake losses due to “sonic boom” blind spot:MS Amlin
Researchers at the Lloyd’s insurer found so called “supershear”...
Willis launches integrated risk and insurance solution for carbon capture
Charlotte Watts, Head of Energy and Mining in Asia, added, “Carbon Capture, Utilisation and Storage (CCUS) takes a strategically critical role in Asia's decarbonisation pathway as well as its energy strategy. At Willis, we have developed a proprietary CCS insurance...
Hormuz tensions trigger navigation signal disruptions for ships
Increased levels of signal jamming can complicate analyses of real-time traffic data in the Gulf and the Strait of Hormuz, which is crucial to understanding energy flows. Geolocation data for some ships in the Persian Gulf showed locations and speeds that defied...
Trump calls Iran’s response to peace proposal “TOTALLY UNACCEPTABLE”
US President Donald Trump Lambasting Tehran in a post on Truth Social, Trump said that he did not like the response received from the 'representatives'. Washington DC:US President Donald Trump on Sunday came down heavily on Iran, expressing his displeasure over the...
Iran warns of “decisive” response over deployment of French, British warships in Strait of Hormuz
This latest communication comes amid reports that Tehran has formulated a "14-point plan" intended to counter the US-supported "nine-point peace plan".The Iranian proposal reportedly outlines a three-stage roadmap, which includes a 30-day phase designed to transition...
Spanish health authorities move to evacuate passengers from infected ship
All passengers on the luxury cruise ship MV Hondius are considered high-risk contacts as a precautionary measure, Europe's public health agency said late on Saturday as part of its rapid scientific advice, adding that the risk to the general population remains low....
Toyota Motor Corporation flags $4.3 bn war hit on supply shocks
Toyota Motor Corporation reported a nearly 50% drop in quarterly earnings and expects full-year profit to fall about 20% as war-driven costs and supply disruptions bite.Hybrid sales are set to exceed 5 million units for the first time, reflecting strong demand for...
Asia heatwaves compound economic strain amid oil shock
“Food inflation in Asia is set to rise in 2026,” said Adam Ahmad Samdin at Oxford Economics. “The combination of geopolitical risks, fertiliser market disruptions, and climate uncertainty suggests that overall food inflation risks are likely to remain elevated over...
Hantavirus Cruise outbreak poses low pandemic risk
Tedros Adhanom Ghebreyesus,Director-General,WHO The outbreak has triggered an international response and grabbed global headlines in an echo of the last pandemic, when cruise ships became symbols of how swiftly a pathogen could move through a confined space. Still,...
Sabotage,Cyber threats rattle Europe’s power grid
Under the EU’s new defense spending ambitions, about €250 billion is intended for areas like cybersecurity and critical infrastructure, according to lobby group Eurelectric. It wants some of that pot allocated to energy safety and protection. The helicopter flying...
Hormuz Strait shuts after US-Iran clashes
President Donald Trump again threatened more intense strikes if Iran refuses his terms. Tehran responded, saying on X that the continued hostile action against Iran “highlights the confusion and inability of the ruling authorities in the United States to properly...